Founded by two Scotsmen, Stephen George Balmer and Alexander Lawrie, in Kolkata, Balmer Lawrie & Co. Ltd. started its corporate journey as a Partnership Firm on 1st February 1867. Traversing the 157 years gone by, today Balmer Lawrie is a Miniratna - I Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, Govt. of India, with a turnover of Rs. 2383 crores and a profit of Rs. 154 crores.
Balmer Lawrie is a diversified PSE leveraging technology and innovation for manufacturing and providing world class solutions.
Balmer Lawrie adheres to robust corporate governance practices, emphasising on transparency, accountability, and ethical conduct to ensure sustainable business growth and stakeholder trust.
Balmer Lawrie regularly invites tenders for various projects and services, promoting fair competition and transparency in the procurement process.
Balmer Lawrie through regular press releases, events and newsletters, ensures that its stakeholders are well-informed about the company's latest developments and achievements.
In Balmer Lawrie & Co. Ltd. the objective of vigilance administration is to enhance the level of managerial efficiency and effectiveness in the company. It is the endeavor of vigilance to eradicate corrupt practices and encourage a culture of transparency and probity in the company. The main thrust of the vigilance function is in the area of proactive and predictive vigilance. This helps in maintaining the highest level of integrity and probity throughout the company ensuring good governance which ultimately leads to maximization of shareholder value.
Vigilance Department carries out surveillance inspections, investigation of complaintts received from individuals, CVC, Ministry of Petroleum and Natural Gas and other sources and also undertakes studies of prevalent systems and procedures and recommends various systems improvement in the company.
CVO acts as an adviser to the Chairman & Managing Director in vigilance matters and provides an interface between the Company and outside agencies like MoPNG, CVC, CBI and other Government agencies. Regional Vigilance Officers also provide advice to location heads in respect of interpretation of vigilance related guidelines.
Wednesday Dec 18 2024
